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U.S. DOLLAR / BRAZILIAN REAL REFERENCE RATE

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A peek into the sugar's futureAccording to Investopedia , Brazil is top leading sugar producer globally. So , we take a look at its currency; USDBRL and discovered that since Jan 2020, it has appreciated against the USD for more than 50%. This trend should continue towards the rest of 2020 and likely the first half of 2021 too. That being the backdrop, then we can assume sugar price to continue going higher, breaking the 15.78 price resistance soon. I am bullish on sugar !
Long
by dchua1969
ridethepig | BRL for the Yearly Close📌 BRL for the Yearly Close This diagram illustrates the LT map for those in BRL and tracking Brazil for good opportunities into 2021. According to my INR maps, again a very similar cycle count which is decisive for profit taking: The BRL now has the attacking position at the highs after completing a multi decade 5 wave cycle from 1.50 towards 6.00. But here is the weakness, we are already seeing profit taking as the USD enters into a structural decline, we have yet to mention the advantage Brazil has with particular focus on the agriculture side. The correct ways to play this in equities also come from companies like $ALTA which was one of the first gold mining companies to capture the 2020 flows in Brazil. It is reaching an initial target to that in the expectations, now add BRL appreciation to the mix and you can see how we arrive at the 600% targets: A very good luck to those looking for opps in Brazil, the currency is not afraid of the flank attack and note anyway that you can capture value on Brazilian exports into countries like USD and MXN. Just note how nearest support at 4.63x is -10% from here and the extension below at 3.9xx is -23% from current levels, both are in play for 2021. Thanks as usual for keeping the feedback coming 👍or 👎
Short
by ridethepig
5
Sell USD & BUY High Interest Rate Currencies (RUB, BRL, MXN, ZARWe take a look at why the U.S Dollar is structurally on a bear trend against the High Yielding Emerging Market currencies. Two factors are going against the U.S Dollar. 1.) Low-interest rate differentials 2.) Negative Current Account Balance + Increased Fiscal spending increasing this problem for USD. These four setups are popular trades across investment bank trade recommendations, due to the carry trade attractiveness using the U.S Dollar and a funding currency to purchase and profit from these high yielding currencies. Video cut out due to Tradingview's limit but you will fully understand the fundamentals driving these trades and then using technicals to time our entries.
Short
by KayansMarkets
1
The Brazilian real gets bombarded by multiple fundamentalsThe Brazilian real doesn’t stand a chance against the US dollar’s new-found strength and the USD/BRL trading pair is one a steep climb towards its resistance level. It’s broadly expected that the prices would eventually reach their highest ranges as the Brazilian real gets bombarded by multiple fundamentals, preventing it from defending itself against the power of bullish investors. See, the US dollar remains as the world’s most chosen currency despite the hurdles it has faced this pandemic, this strains the confidence of bearish investors. However, it’s worth noting that the prices also have a potential for a steep plunge once it hits that resistance line as the US dollar as it also faces major turbulences. Meanwhile, the alarming number of daily deaths and cases in Brazil is raising concerns in the market. And to add more negativity for bearish investors, the performance of the emerging markets against major currencies isn’t helping the Brazilian real’s cause.
Long
by Financebroker